PAS delivers sophisticated retirement planning solution
IMS Solution: PAS Illustrations Calculation Engine - Distribution Platforms
Client Profile:
- Established retirement planning service provider with over 100 years experience in the UK
- 20 million customers globally, with operations in 25 countries
- Some 870 000 plans in force with £11.75 billion AUM
- Provides services to customers direct or via financial advisers
Challenges:
- Develop a pension illustrations calculation engine to support browser based product for UK market
- Solution needed to be flexible, easy to use and readily integrated into existing internal systems
- Solutions also needs to link into an extranet framework used by the IFA market
Solution:
- PAS Calculation Engine provides internal staff with comprehensive illustrations for a fully flexible retirement plan via a user friendly browser based application
- The external adviser website allows bespoke illustrations for sophisticated pension products to be generated
Benefits:
- Provision of robust, flexible, pension illustrations capability
- Allowed the client to enhance service offering to the retirement planning marketplace in the UK
